The value of investments made available to the energy system in Romania exceeded 13.6 billion euros in the last year, informs the Ministry of Energy.
The Ministry of Energy has made available to the energy system a support of over 13.6 billion euros, non-refundable funds for investments in the entire energy chain. The funding sources included the Modernization Fund, PNRR, National Schemes and the National Investment Plan.
Among the beneficiaries of the money made available by the Ministry of Energy are projects of strategic companies in the energy sector, such as Transelectrica and Transgaz, or of companies with a tradition in energy, such as Complexul Energetic Oltenia and Romgaz.
“From the first day at the Ministry of Energy, I said that my priorities are the unlocking of funds and the acceleration of investments. This is the only way we can achieve energy independence, fair prices in Romanians’ bills and a sustainable and competitive economy. I proposed investments in the energy sector that would bring concrete benefits to Romanians and our economy. These investments will change the way we produce and consume energy, having a positive impact on everyday life. They are essential projects to switch to cheaper, greener and more sustainable energy sources , creating well-paid jobs and improving the standard of living of Romanians. The 13.6 billion euros are used to modernize the energy infrastructure and support innovation, projects that will strengthen Romania’s energy security and strengthen our position in the region only the non-refundable amounts, to which the contribution of the beneficiaries is added, which means that the total value of the new projects exceeds 25 billion euros. These record investments for the national energy system mean development, thousands of new jobs and safer, more accessible and greener energy for all Romanians,” said Sebastian Burduja, the Minister of Energy, quoted in the ministry’s press release.
The non-refundable funds are invested in: the energy production sector, especially in new renewable energy capacities; expansion and modernization of the electricity distribution network; increasing energy efficiency in the industrial sector; the modernization and construction of high-efficiency cogeneration plants and the modernization of district heating networks;
production and/or assembly and/or recycling of batteries, cells and photovoltaic panels; new electrical energy storage capacities; new technologies, such as green hydrogen production capacities to be used for electricity storage and/or decarbonisation of industry; programs aimed directly at final electricity consumers, such as the Electric-Up program or schemes for renewable energy production for self-consumption; supporting the reduction of energy consumption through energy efficiency in the transport sector; the development of flexible gas production capacities for the production of electricity and thermal energy in high-efficiency cogeneration (CHP) in urban heating (CHP).
The budget that the Ministry of Energy allocates to investments is divided as follows: from PNRR – the sum of 1.25 billion euros, from the Modernization Fund – 8.8 billion euros, through national schemes – 3.3 billion euros, and from the National Investment Plan – 280 million euros.